These resources help beginners understand the fundamentals of trading and allow experienced traders to enhance their knowledge and stay up-to-date with the latest market trends and strategies. A well-informed trader is more likely to make better trading decisions, leading to higher levels of success and satisfaction with the broker’s services. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions. The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader. Only MT4 is available for the Primus Zero account, where this broker ranks among the leading providers amid high leverage and low costs. FXPrimus is an execution-only broker focused on the core trading environment.
Does FXPRIMUS offer accounts for professional traders?
The supported currencies for e-wallet transactions are USD, EUR, SGD, GBP, PLN, and HUF. FXPrimus offers its clients various deposit and withdrawal methods, though the options are somewhat limited compared to other brokers. You can find detailed information about these methods by visiting their website’s “Funding” section under the “Trading” menu tab. Awards coveted by many forex brokers, they are created by the investment specialized magazine of the same name, noted for their unique insights on the financial markets, industry analysis, trading strategy and more. Among their notable accolades, FXPrimus was honored with the ‘Most Trusted Broker’ award at the 2015 MENA Forex Show, highlighting the company’s dedication to establishing and maintaining trust with its clients. People don’t realize that FXPRIMUS is absolutely not legit or regulated stock or Forex trading platform.
No Return of Funds
Please note that the broker’s website customer support is only available on working days. Another feature worth noting is its availability in 3 languages; English, Arabic, and Chinese. To withdraw funds, log in to your FXPrimus account, go to the withdrawal menu below the dashboard and choose how you wish to receive your funds from the dropdown. The broker processes all withdrawal requests within 24 hours, and depending on the withdrawal method, the funds should be available in 2-5 business days. As a client, you will not have to be concerned about a back-office trading desk, since FXPRIMUS is sending traders’ orders directly to the market without dealing desk intervention.
Social Media Accounts
For traders who are not constantly engaged in trading, the issue of inactivity fees is significant. Nevertheless, this broker does not punish its clients for being inactive. Hence, their accounts will remain untouched if they do not execute trades during a specific period. This broker offers a transparent commission system dependent on the user’s choice of account type. For instance, the PrimusZERO plan charges $5 per round turn lot, making it an attractive option for traders who prefer tighter spreads and higher volume trading at a reasonable cost. MT4’s status as a top-tier trading platform is evident in its long-standing track record of excellence.
Trading Instruments
Founded in 2009, FXPRIMUS is an online trading broker with great emphasis put towards client safety and education whilst utilising new technologies to continue to improve their offering to traders. The broker gives you seamless market access via user-friendly trading platforms with very competitive trading conditions including tight spreads, low commission fees and rapid execution speeds at the best possible prices. I was impressed by the excellent range of trading tools for conducting chart analysis and finding trading signals. I like how the broker gives you a choice of trading accounts depending on your strategy and has a good variety of convenient funding options. If you are a beginner, you can learn from an extensive collection of educational content whilst practising your trading on a free demo account.
- You can choose from low spreads or no commission fee, depending on what works best for your strategy.
- This review looks at the various features of the platform, showcasing where it performs well and where it needs improvement.
- Our team has endeavored to break down the complex world of trading with FXPrimus into easily digestible information in this FXPrimus review.
- In conclusion, FXPrimus provides a diverse selection of trading platforms to accommodate the needs and preferences of various traders.
- I would always suggest starting on a demo account to see if a broker can meet your needs.
This simply means that if you are coming from any country other than Europe or South Africa, you will be trading with the company that is not specifically regulated in your country. Andrew has a well-established career in fintech and came up with comparebrokers.co https://forexbroker-listing.com/ to maketrading on financial markets more transparent and accessible. The effect of leverage on profits and losses magnifies them in both directions. In other words, FXPrimus leverage profits and losses are magnified when trading.
The Forex marketplace primarily consists of affluent businesses and banks that are well informed about how trading works. It is a competitive market; in a short period of time a trader can gain profits or lose part or all of their invested capital. Therefore, it is necessary for beginner traders to have adequate trading education and understand the risk / reward involved in trading the financial markets.
The FXPrimus MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXPrimus platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXPrimus traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give FXPrimus traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 FXPrimus trading platform. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits.
If you own this website you can update your company data and manage your reviews for free. The domain registration company seems to attract websites with a low to very low trust score. This may be a chance but it may also because the “Know your customer” process of the registrar is poor or non-existing. Trading precious metals can be a means of diversifying fxprimus review a trading portfolio. The SMS alerts feature can send you important market alerts direct to your mobile to make sure that you stay up to date with the latest market movements and do not miss any trading opportunities that you may be tracking. Primus tutorial texts are well-written as easy guides to learning the fundamentals of trading.
We recommend checking the promotions page often to claim any free trading funds or cash rebates and real prizes. The FXPrimus website is easy to navigate through with information and visual aids that lay out the trading instruments, benefits, promotions and educational material. It uses eye-catching comparative tables, real price feeds and live spread displays, everything in 11 languages. The website is designed to be inviting and it is 100% to the point, a practice not so common among brokers. Although FXPrimus does not currently offer special promotions or incentives, it’s crucial for brokers to consider implementing such strategies to stay competitive and provide added value to their clients.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. To start the process of opening an account with FXPrimus you can visit the FXPrimus trading platform here.Losses can exceed depositsYou should consider whether you can afford to take the high risk of losing your money. As a new client of FXPrimus, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with FXPrimus in your region.
Yet, always check carefully with your payment provider in case any fees will be waived due to its own policies. FXPrimus Forex fees we find that FXPrimus fees for Standard accounts are rather high among the industry for currencies but very good offering for Cryptocurrency, as well as Commodities. FXPrimus variable spreads on some types of accounts are enabling you to trade easily, and they are operating on a no commission fee basis.
However, remember that you won’t be able to make trades on FXPrimus until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the FXPrimus KYC compliance process as soon as possible to avoid any delays in accessing the FXPrimus platform’s features. FXPrimus has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support. While learning, you can also use global trading times to practice making live buy or sell trades using FXPrimus.